NOT LISTED FOR SALE
2 Beds
2 Baths
3,000 Sq Ft
6,970 Sq Ft Lot

Last Sold April 20, 2018

Last sale price $1,130,000 $377 Per Sq Ft

7 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Laundry Room

About This Home

As of April 2018

Investor opportunity in the heart of Orange County. 6 units each with their own garage. Each unit is separately metered for gas and electricity. Most units are month to month. Low vacancy rate. Small laundry room for additional income. PLEASE DO NOT DISTURB TENANTS, DRIVE BY ONLY.

Last Agent to Sell the Property

Carlos Duarte

Answers Real Estate Group License #01847111 Listed on: 03/27/2018

Last Buyer's Agent

Carlos Duarte

Answers Real Estate Group License #01847111 Listed on: 03/27/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,970 Sq Ft Lot
  • No Common Walls
  • Corner Lot
  • Density is 6-10 Units/Acre

Parking

  • 6 Car Garage

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Listing and Financial Details

  • Tax Lot 48
  • Tax Tract Number 2723
  • Assessor Parcel Number 03522312

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Electric Expense $971
  • Fuel Expense $417
  • Gardener Expense $1,250
  • Insurance Expense $1,500
  • Professional Management Expense $5,722
  • Water Sewer Expense $1,794
  • New Taxes Expense $13,868
  • Operating Expense $25,522
  • Gross Income $72,349
  • Net Operating Income $61,004

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • Professional Management Expense: 5722.00
  • Property Attached: No
  • Water Sewer Expenses: 1794.00
  • Property Type: Residential Income
  • Gardener Expense: 1250.00
  • Parcel Number: 03522312
  • Year Built: 1957
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 376.67

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre, Corner Lot
  • Lot Size Sq Ft: 6970.00

Multi Family

  • Electric Expense: 971.00
  • Fuel Expense: 417.00
  • Gross Income: 72349.00
  • Gross Scheduled Income: 72349.00
  • Insurance Expense: 1500.00
  • Laundry Income: 1192.00
  • Net Operating Income: 61004.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Total: 6
  • Operating Expense: 10153.00
  • Rent Control: No
  • Total Expenses: 25522.00
  • Vacancy Allowance Rate: 4.60

Tax Info

  • New Taxes Expense: 13868.00
  • Tax Census Tract: 873.00
  • Tax Lot: 48
  • Tax Tract Number: 2723

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2018 04/20/18 Sold $1,130,000 +5.1% $377 / Sq Ft
03/27/2018 03/27/18 For Sale $1,075,000 +25.7% $358 / Sq Ft
08/08/2014 08/08/14 Sold $855,000 -4.9% $285 / Sq Ft
06/06/2014 06/06/14 Pending -- -- --
05/01/2014 05/01/14 For Sale $899,500 -- $300 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC18069540

California Regional Multiple Listing Service (CRMLS)